TIP849: Average Returns Can Still Make You Wealthy w/ David Fagan

You're listening to TIP. In today's episode, I'm joined by my close friend and business partner, David Fagan. David is a chartered professional accountant in Nova Scotia, Canada, and for more than two decades he has helped business owners and families build wealth. We start with a question David has been asking himself. Why can someone with average returns

still build a meaningful net worth. His answer what he calls total wealth performance. And you can think about it like this. When someone asks how your flight was, you don't just describe the plane. You also want to make sure that you make it to the airport on time and that your loggers arrived, and many other things of course, and investing works the same way.

Total wealth performance is whether the money got invested on time and how much of the return actually made at home after taxes, fees, and friction. It's the money you ultimately have at your disposal that matters. Since 2014, with more than 200 million downloads, we have interviewed the world's best investors, studied deeply the principles of value investing, and uncovered many compelling investment opportunities. We focus on understanding businesses and intrinsic value, investing accordingly, and sharing everything we learn with you.

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